Benchmark downgraded shares of RealPage (NASDAQ:RP) from a buy rating to a hold rating in a report published on Thursday, The Fly reports.
Other equities research analysts have also issued research reports about the company. KeyCorp assumed coverage on RealPage in a research report on Tuesday, July 16th. They set an overweight rating and a $76.00 target price on the stock. ValuEngine lowered RealPage from a buy rating to a hold rating in a research report on Thursday, September 5th. Craig Hallum assumed coverage on RealPage in a research report on Thursday, August 29th. They set a buy rating and a $83.00 target price on the stock. BidaskClub lowered RealPage from a buy rating to a hold rating in a research report on Saturday, September 7th. Finally, Zacks Investment Research upgraded RealPage from a sell rating to a hold rating in a research report on Saturday, November 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. RealPage currently has an average rating of Hold and a consensus price target of $68.50.
Shares of RealPage stock traded up $0.75 during trading on Thursday, reaching $54.11. 1,224,300 shares of the company’s stock were exchanged, compared to its average volume of 623,927. RealPage has a 1-year low of $42.90 and a 1-year high of $65.92. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.81. The firm’s 50-day moving average price is $61.30 and its 200 day moving average price is $61.32. The company has a market cap of $5.79 billion, a P/E ratio of 49.19 and a beta of 1.25.
RealPage (NASDAQ:RP) last announced its earnings results on Wednesday, November 6th. The software maker reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. RealPage had a return on equity of 9.86% and a net margin of 4.48%. The company had revenue of $255.20 million for the quarter, compared to analyst estimates of $254.32 million. During the same quarter in the prior year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, equities research analysts predict that RealPage will post 1.25 EPS for the current year.
In related news, major shareholder Seren Capital, Ltd. sold 51,672 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $61.41, for a total transaction of $3,173,177.52. Following the transaction, the insider now directly owns 9,504,263 shares of the company’s stock, valued at approximately $583,656,790.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Stephen T. Winn sold 29,070 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $60.84, for a total value of $1,768,618.80. Following the transaction, the chief executive officer now directly owns 1,210,873 shares in the company, valued at $73,669,513.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 712,667 shares of company stock worth $43,937,476. 17.05% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of RP. CWM LLC raised its stake in shares of RealPage by 931.6% in the second quarter. CWM LLC now owns 588 shares of the software maker’s stock worth $35,000 after purchasing an additional 531 shares during the last quarter. FTB Advisors Inc. raised its stake in shares of RealPage by 487.8% in the second quarter. FTB Advisors Inc. now owns 1,111 shares of the software maker’s stock worth $65,000 after purchasing an additional 922 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of RealPage by 242.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,601 shares of the software maker’s stock worth $95,000 after purchasing an additional 1,134 shares during the last quarter. Contravisory Investment Management Inc. purchased a new stake in shares of RealPage in the second quarter worth approximately $113,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of RealPage in the third quarter worth approximately $163,000. 90.16% of the stock is owned by hedge funds and other institutional investors.
RealPage Company Profile
RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.
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